AMP Einvest Conservative Fund

Not Mindful

Fund type: Conservative fund

Past Returns: 1.76%

Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.

Annual Fees: 1.26%

Annual fees, including management and administration fees, but not membership fee.

The graph below shows the percentage of the fund invested in each of the worst issues of concern to New Zealanders. Below the graph are listed all the companies this fund invests in, by issue of concern.

Fossil Fuel

Gambling

Aristocrat Leisure Ltd 0.03%
Skycity Entertainment Group Limited 0.07%
Tabcorp Holdings Ltd 0.01%

Adult Entertainment/Pornography

Alcohol

Anheuser Busch Inbev SA Nv 0.03%
Brown Forman Corp 0.02%
Diageo Ord 28 101/108P 0.16%
Endeavour Group Limited Ordinary Fully Paid Deferred Settlem 0.01%
Heineken Nv 0.01%
Kirin Holdings Co Ltd 0.01%
LVMH Moet Hennessy Vuitton Se 0.01%
Molson Coors Beverage Co 0.01%
Treasury Wine Estates Limited 0.01%

Human Rights & Environmental Violations

Johnson & Johnson Com US$1 0.03%
Li Ning Co Ltd 0.01%
Motorola Solutions Inc 0.03%
Nestle SA 0.07%
Rio Tinto Ltd 0.06%
Uber Technologies Inc 0.01%
Uber Technologies Inc 150927 7.50 Cb 0.01%

Animal Testing

Akzo Nobel Nv Eur0.50 0.02%
Burberry Group PLC 0.01%
Church & Dwight Co 0.02%
Clorox Co Del 0.01%
Danone 0.03%
Dow Inc 0.03%
Dupont De Nemours Inc 0.03%
Ecolab Ltd 0.07%
General Mills Inc 0.06%
Givaudan - Reg 0.05%
Glaxosmithkline PLC 0.03%
Intl Flavors & Fragrances USD 0.02%
Johnson & Johnson Com US$1 0.03%
Kao Corporation Jpy50 0.02%
Kellogg Company 0.02%
Kerry Group PLC-A 0.03%
Keurig Dr Pepper Inc 0.03%
Kimberly Clark Corp Com Usd1.25 0.06%
Kirin Holdings Co Ltd 0.01%
Koninklijke Dsm Nv 0.04%
L'Oreal 0.04%
LVMH Moet Hennessy Vuitton Se 0.01%
Linde PLC 0.07%
Mosaic Co Com 0.04%
Nestle SA 0.07%
Nutrien Ltd Com Npv 0.06%
Orkla Asa 0.01%
PPG Industries Inc 0.03%
Pepsico Inc 0.13%
Puma Se 0.01%
Reckitt Benckiser Group PLC 0.01%
Svenska Cellulosa Ab - B Shares 0.02%
Unilever PLC 0.01%
W R Grace Holdings Llc 150627 4.875 Cb 0.01%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu March 31st 2022 and Mindful Money analysis of funds within those portfolios. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund, Sustainalytics and research organisations.

Please note that companies may breach more than one of these areas of concern.

Mindful Money uses the term Mindful Funds as our standard for ethical investment and responsible investment. This does not imply that other funds are unethical or that the fund providers that do not meet these standards are unethical providers.

Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.

Year	Market Average	Fund Annual Return
2022	-0.26%	-1.45%
2021	8.99%	7.3%
2020	0.27%	-0.56%
2019	4.19%	4.24%
2018	3.39%	2.66%
2017	3.28%	3.41%
2016	2.92%	1.37%
2015	8.63%	6.19%

The market average is the average return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu March 31st 2022.

Showing the top 10 investments for this fund:

New Zealand Government Bond - Maturing 15 Apr 2023
New Zealand NZ Fixed Interest AAA

3.17%
New Zealand Government Bond - Maturing 20 Apr 2029
New Zealand NZ Fixed Interest AAA

2.62%
New Zealand Government Bond - Maturing 15 Apr 2025
New Zealand NZ Fixed Interest AAA

2.55%
Bank Of New Zealand Call Account
New Zealand Cash and Equivalents

2.55%
New Zealand Government Bond - Maturing 15 Apr 2027
New Zealand NZ Fixed Interest AAA

2.54%
New Zealand Government Bond - Maturing 15 May 2024
New Zealand NZ Fixed Interest AAA

2.5%
ASB Bank Ltd - Maturing 23 May 2022
New Zealand Cash and Equivalents P-1

2.31%
New Zealand Government Bond - Maturing 15 May 2031
New Zealand NZ Fixed Interest AAA

1.95%
New Zealand Government Bond - Maturing 15 Apr 2037
New Zealand NZ Fixed Interest AAA

1.85%
New Zealand Government Bond - Maturing 14 Apr 2033
New Zealand NZ Fixed Interest AAA

1.62%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Thu March 31st 2022.

How the money in this fund is invested against the fund's targets.

Target

Actual

Type	Target	Actual
Cash and Cash Equivalents	24.0%	24.73%
New Zealand Fixed Interest	23.0%	22.95%
International Fixed Interest	29.0%	28.36%
Australasian Equities	6.0%	5.9%
International Equities	18.0%	18.06%
Listed Properties	0.0%	0.0%
Unlisted Properties	0.0%	0.0%
Other	0.0%	0.0%
Commodities	0.0%	0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu March 31st 2022.

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

Issue of concern

Does this fund say it excludes this?

Actual holdings
Adult Entertainment/Pornography:

0.05%
Alcohol:

0.42%
Animal Testing:

1.72%
Fossil Fuels:

0.02%
Gambling:

0.30%
GMOs:

0.00%
Human Rights & Environmental Violations:

0.38%
Palm Oil:

0.00%
Tobacco:

0.00%
Weapons:

0.00%

Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

Note that many funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

In their own words

"The fund has a well-diversified portfolio that primarily invests in lower-risk income assets with a conservative allocation to growth assets. The fund aims to achieve modest to medium returns, in exchange there may be small movements up and down in the value of your investments."

Value	$6.3M NZD
Period of data report	Thu March 31st 2022
Fund started	Wed Nov. 6th 2013
Total annual fund fees	1.26%
Total performance based fees	0.0%
Manager's basic fee	0.81%
Other management and administration charges	0.45%
Total other charges	0.0
Total other charges currency	NZD

Key Personnel

Timothy Pritchard	Currently: Investment Committee Member (3 years, 0 months) Previously: General Counsel, AMP Wealth Management New Zealand (3 years, 10 months)
Jeffery Darren Ruscoe	Currently: Investment Committee Member (3 years, 0 months) Previously: Chief Client Officer, AMP Wealth Management New Zealand (3 years, 0 months)
Blair Robert Vernon	Currently: Investment Committee Member (10 years, 9 months) Previously: Chief Executive, AMP Wealth Management New Zealand (3 years, 3 months)
Mark David Ennis	Currently: Investment Committee Member (1 years, 8 months) Previously: Managing Director, AdviceFirst Limited (2 years, 1 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu March 31st 2022.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Portfolio holdings v